MPI Incorporated has $9 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and its

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answerhappygod
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MPI Incorporated has $9 billion in assets, and its tax rate is 25%. Its basic earning power (BEP) ratio is 11%, and its

Post by answerhappygod »

MPI Incorporated has $9 billion in assets, and its tax rate is
25%. Its basic earning power (BEP) ratio is 11%, and its return on
assets (ROA) is 7%. What is MPI's times-interest-earned (TIE)
ratio? Do not round intermediate calculations. Round your answer to
two decimal places.
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